房屋贷款与退休的规划

Many borrowers purchase or refinance their homes during peak years of income.

Five years ago, Al refinanced his thirty year fixed $800,000 mortgage and chose a loan with an interest rate fixed for seven years. Payments were low; his income, high. Seven years seemed like forever! Al has made extra payments and now owes $600,000.

Preparing to retire, he worries that when his loan adjusts, rates may be high and his income, considerably less.

This may be the time for Al to consider a refinance: rates are low and he wants the security of a fixed rate loan. Still working, he can easily qualify for the new loan.

Questions about mortgage planning for retirement:

· Is your interest rate the same or lower than current rates?
· Is your loan fixed for thirty years or will it adjust?
· Do you plan to stay in the same home?
· Will your income  during retirement qualify you for a refinance?
· Is your loan significantly smaller so that a refinance will lower your  payment?

The financial puzzle is complex and when planning for retirement, it is important to review the mortgage piece of that puzzle.

 

 

所有跟帖： 

• 原则正确。从投资角度要考量贷款抗风险能力，进一步是否值得承担经考量的风险 -- -IEbird- ♀ (367 bytes) () 02/26/2016 postreply 09:19:13

• if he is retired at age 60,should he refine with 30y or 15 fixed -meowi- ♀ (0 bytes) () 02/26/2016 postreply 09:55:25